FHA RELEASES 2017 ANNUAL REPORT TO CONGRESS Capital Reserves remain above statutory minimum for third straight year. WASHINGTON – The Federal Housing Administration (FHA) today released its 2017 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund).
On January 9, 2017, the Federal housing administration operating under the obama administration announced a further reduction in the FHA loan annual mortgage insurance premiums (MIP) for new loans. The change would affect most Title II FHA mortgage loans with a closing/disbursement date on or after January 27, 2017.
Trump already suspends obama-era fha mortgage insurance cut. By Andrea Riquier. Published: Jan 21, 2017 11:06 a.m. ET. Share.
FHA loan requirements. important fha guidelines for Borrowers. The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by Foreclosure Past foreclosures are not necessarily a roadblock to a new FHA home loan, but it depends on the circumstances. FHA Appraisal Changes for 2017.
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· Mortgage rates forecast for October 2017. Mortgage rates don’t seem to know what year it is. While 2017 was supposed to be the year of skyrocketing rates, it’s been the year of falling rates.
The Department of Housing and Urban Development’s decision to suspend the reduction of Federal Housing Administration mortgage insurance premiums didn’t come as a shocker. FHA. to 40,000 new.
FHA cuts mortgage insurance premiums again. rates will save new FHA-insured homeowners an average of $500 in 2017 alone. According to the FHA, the cut applies to new mortgages with a closing or.
The FHA/HUD official site has announced new, lower FHA loan mortgage insurance premiums for 2017. The new changes affect most FHA mortgage loans except for those made for properties in the Hawaiian Homelands and is effective for all Title II FHA mortgage loans with a closing/disbursement date on or after January 27, 2017.
The FHA and HUD have released a new FHA MIP chart showing the new rates for all affected transactions (see below): As you can see, FHA MIP annual rates for 2017 are definitely lower under the new MIP table. The mortgagee letter announcing the change did not address Up Front Mortgage Insurance Premiums, just the annual MIP rate as seen above.